Ellenbecker Investment Group Inc

Item 5 - Fees and Compensation

Fees paid to EIG are for EIG advisory and financial planning services only. The fees do not include, for
example, the fees charged by third parties such as accountants and attorneys assisting with providing
the client with accounting and legal advice. Transaction charges and account fees charged by accounts
custodian are in accordance with the custodian's normal fee schedule. See Item 12, Brokerage
Practices.

Prospective clients should be aware that in addition to EIG's advisory fees, each mutual fund or
exchange-traded fund in which a client's assets are invested also has its own advisory fees and other
internal expenses which already have been deducted from the fund's reported performance. Depending
on the fund, a client may be able to invest directly in the shares issued by the fund with or without
incurring any sales or third-party management fees.

Financial Planning Service Fees

Fees charged for Financial Planning Services are negotiable and are based on a fixed fee per project
basis.

Total fees are determined by each EIG IAR estimating the complexity of the client’s circumstances, the
level of skill required to perform the service, and the amount of time that will be required to perform
research, analysis, and plan preparation. The estimated fee is disclosed to the client prior to contract
signing.

The fee is payable upon completion of the financial plan service. The fee may be deducted from a
client's account or may be paid directly. Payment arrangements are established in the Financial
Planning Agreement. The fee may be waived in whole or in part by an IAR or EIG at their sole discretion.
Each client retains the right to terminate the Financial Planning Agreement with EIG at any time, in

writing and without prior notice, for any reason. EIG retains the right to terminate any engagement at
any time, for any reason, upon 10 days’ written notice.

Fees do not include the fees for third-party professional services, e.g., investment managers, attorneys,
accountants, or other third parties.

Retirement Plan Consulting Services Fee

Fees for EIG's Retirement Plan Consulting Services described in Item 4 are either a flat fee or based on
the value of assets under management. Section 3(21) consulting services are charged on a flat fee basis;
section 3(38) management services are charged as a percentage of the assets under management within
the plan ranging from 0.40% to 1.00%. All fees are payable monthly, in advance, and are negotiable.
The initial fee is based upon account value when the account is opened and is provided to the end of the
month. Upon termination, all prepaid unearned fees are prorated and returned to the client. Fees can
be amended by EIG upon 30 days advance written notice by EIG to the client.

EIG may act as an investment manager to the Retirement Plan’s individual plan participants and will
earn asset-based advisory fees from those individuals, by separate agreement with them, for providing
investment management services.
Fees payable to EIG for Retirement Plan Consulting Services are, with the client’s prior permission,
automatically deducted from the client's account when due. The client will receive reports from the
account's custodian and fee amounts debited. EIG will liquidate without obtaining prior permission of the
client, money market shares to pay the fee and, if money market shares or cash value are not available,
other investments will be liquidated. Authorization for the deduction of fees from the managed account
is contained in the Services Agreement. The client may terminate the authorization for automatic
deduction at any time by notifying EIG in writing. The client may choose to pay the fee directly by invoice
each month.

Investment Management Services Fees

All fees are negotiable and subject to a $2,400 minimum fee. As advisory fees are negotiated on a client-
by-client basis, clients may pay different fees than other clients receiving similar services. Fee
differences may be based on factors such as the scope of services provided, account size, relationship
considerations, or other circumstances deemed appropriate by EIG. Differences in fees do not result in
differences in the level or quality of advisory services provided.
Fees for Investment Management Services are calculated as a percentage of the total market value of all
assets (including cash) in the account on the last trading day of each calendar month. The fees for the
initial month are charged from the date of inception of the Services Agreement through the end of the
first calendar month in which the Account is open. Subsequent fees are based upon the market value of
the account, including declared but unpaid distributions, as of the last business day of the previous
month. EIG may, at its discretion, aggregate accounts related to the client for fee calculation purposes
and will negotiate a set fee based on the total assets under management.
The client may exclude certain assets from being included in the total portfolio under management and
review. These assets will also be excluded for fee calculation purposes. Fees are also not adjusted for
significant contributions or withdrawals in client accounts that take place between monthly billing
cycles.

Fees payable to EIG for Discretionary Investment Management Services are, with the client’s prior
permission, automatically deducted from the client's account when due. The client will receive a
statement from the account's custodian showing the fee amounts debited. EIG will liquidate money
market shares to pay the fee and, if money market shares or cash value are not available, other
investments will be liquidated. Authorization for the deduction of fees from the managed account is
contained in the Services Agreement. The client may terminate the authorization for automatic
deduction at any time by notifying EIG in writing.
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Item 7 - Types of Clients/Minimum Account Size

EIG makes Financial Planning, Retirement Plan Consulting and Discretionary Investment Management
Services available to a wide variety of clients including but not limited to, individuals, pension and profit-
sharing plans, trusts, estates, charitable organizations, corporations, and other business entities.

In providing services to individuals regarding retirement accounts, there is an incentive to encourage
clients to rollover an employer retirement account into an individual retirement account (“IRA”)
managed by EIG, with the potential of higher fees. The decision to rollover an account rests with the
individual account owner. The IAR is committed to providing information to help clients make decisions
that are in their overall best interest.

EIG does not generally require a minimum account size, but there may be minimum account sizes and
fees for the services offered by third-party managers if they are used.